Asia Pacific Piezoelectric Actuators and Motors Market Drivers and Forecasts by 2028

The piezoelectric actuators and motors market in APAC is expected to grow from US$ 6,122.97 million in 2021 to US$ 11,130.66 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. The rising application of piezoelectric actuators and motors in automotive systems is fostering market growth. Piezoelectric actuators convert an electrical signal into mechanical movement; hence, they are widely used for adjusting mirrors, lenses, and other automotive parts. Also, piezoelectric technology is being widely used in fuel injectors. With the help of this technology, the fuel injection accuracy has increased, and the injector leakage has reduced significantly, compared to the conventional technologies. This has resulted in increased fuel efficiency of commercial and passenger vehicles, with less carbon emission. Further, the additional application of piezoelectric has been witnessed in fuel pumps, high-speed valves, keyless door entry, seat belt buzzers airbag sensors, airflow sensors, and tire pressure sensors, among others. Also, piezoelectric actuators have been largely used by automobile companies, specifically in the suspension system and seat adjustment controls of vehicles. Moreover, piezoelectric actuators are finding applications in the braking systems of electric vehicles. Thus, the increasing adaptability of piezoelectric actuators and motors in the automotive sector is driving the piezoelectric actuators and motors market

APAC constitutes the world’s two most populated countries China and India. Also, the region consists prominent automotive manufacturing countries. China, Japan, India are a few prominent automobile manufacturing countries in the region. Also, region represent one largest manufacturing industries across the globe. The COVID-19 outbreak has brought the entire manufacturing industries to a halt, causing major supply chain disruptions. As a result, supply chain has been disrupted and caused shortage of raw material that required for piezoelectric actuators and motors to manufacture. Thus, the overall decline of manufacturing industries hampered the demand for piezoelectric actuators and motors across APAC during the first two quarter of 2020. However, with the resumption of several economies in the region, the manufacturing activities of automotive and consumer electronic goods has slowly resumed and rise in demand of these products are supporting the APAC piezoelectric actuators and motors market growth. Thus, the market is projected to recover steadily over the coming period and gain traction for piezoelectric actuators and motors during the forecast period.   

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC piezoelectric actuators and motors market. The APAC piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period.

APAC Piezoelectric Actuators and Motors Market Segmentation

APAC Piezoelectric Actuators and Motors Market – By Product

• Piezo Motors
• Piezo Actuators

APAC Piezoelectric Actuators and Motors Market – By Application

• Automotive
• Industrial and Manufacturing
• Medical
• Aerospace
• Consumer Electronics
• Others

APAC Piezoelectric Actuators and Motors Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Piezoelectric Actuators and Motors Market - Companies Mentioned

• APC International, Ltd.
• CEDRAT TECHNOLOGIES
• FAULHABER Group
• Johnson Electric Holdings Limited
• Microfine Materials Technologies Pte Ltd
• Physik Instrumente (PI) GmbH & Co. KG.
• Piezo Electric Technology Co., Ltd.
• PiezoMotor Uppsala AB
• piezosystem jena GmbH
• TDK Corporation

Asia Pacific Piezoelectric Actuators and Motors Report Scope